Ciaran McGee, MA (Oxon), ACA, CTA is director of CJM Chartered Tax Advisers. Ciaran is a VAT specialist, with many years of experience in this complex area of tax law.
Practical, in-depth commentary (over 1,100 pages) on VAT, written in a clear style, at an intermediate level.
The book is aimed at tax professionals who do not specialise in VAT. The book represents superb value on its own or as part of a discounted bundle.
Contents (in brief)
Overview
General principles of VAT
Property
Cross-border transactions
Partial exemption and the capital goods scheme
Zero rating and reduced rating
Exemptions
Special schemes (flat rate, etc.)
Dealing with HMRC
New for this edition
This second edition has been thoroughly reviewed, and all examples and HMRC contact details have been updated as appropriate. The structure has been improved for ease of navigation. Other key changes for this edition include:
HMRC’s new approach re whether an activity is “business” including a discussion of the Sveda case
Updated section on apportionment methods for non-business input VAT
Updated discussion re whether fines and penalties constitute consideration in light of new case law
Updated HMRC guidance re apportionment of monetary consideration
Upper Tribunal decision in favour of the taxpayer in the Hotel La Tour Ltd case
New HMRC guidance re making the option to tax
Revised HMRC guidance re village halls
Revised HMRC guidance re building materials
Updated commentary re transfer of a going concern treatment in respect of property
HMRC clarifications re construction reverse charge scheme
Signing of the new Windsor Framework reflected in numerous chapters
Potential impact of the European Commission’s VAT in the Digital Age (ViDA) programme
Details of the new freeports and their beneficial VAT effects
New HMRC guidance re evidential requirements for exported goods
Expanded discussion of electronically supplied services and other digital services
New HMRC guidance re obtaining a certificate of status for UK businesses reclaiming EU VAT
Updated HMRC guidance re non-UK businesses reclaiming UK VAT
Additional detail re triangulation
Amended HMRC guidance re flat rate scheme, including postponed import VAT and mention an anomaly in respect of Northern Ireland and supply of services to the EU
Amended HMRC guidance re the cash accounting scheme, in relation to excluded transactions and handling part payments
Analysis of the recent tour operators’ margin scheme (TOMS) case Sonder Europe Ltd
Expanded discussion of UK establishment for the purposes of VAT grouping, including HMRC guidance on fixed establishments
Updated chapter on the application process to form a group
Closure of the VAT Registration Helpline
Updated chapter on VAT registration, including HMRC’s new registration process via the VAT registration service portal
New HMRC policy of making VAT repayments direct to overseas bank accounts rather than by payable order
Commentary on new penalty regime for late filing of VAT returns and late payment of VAT substantially rewritten and expanded.